Bloomberg Business

Companies are taking advantage of price discrepancies in debt and derivatives markets that give them a way to trim their borrowing costs. Investors eager to take advantage of rising interest rates are buying the debt even if they only earn the extra yield for a year.

The Biden administration’s blacklisting of China’s Inspur Group Co. targets a company that US tech giants like Cisco Systems Inc., IBM Corp. and Intel Corp. have worked with to expand their footprint in the world’s second largest economy.

Former Goldman Sachs Group Inc. banker Roger Ng, the only employee of the bank to be tried and convicted over the global 1MDB scandal, should be sentenced to a term of at least 15 years in prison, federal prosecutors said.

Labor unions at major Japanese companies are demanding workers get their highest pay raise in 25 years, according to the Japanese Trade Union Confederation, as surging prices squeeze household budgets across the nation.

Alphabet Inc.’s Google is legally the boss of YouTube contract staff and must collectively bargain with the workers if they vote to unionize, a US labor board official ruled.

Dozens of police and oil workers taken hostage after protesters stormed a field operated by China’s Sinochem Group have been released, Colombian President Gustavo Petro said.

The merry-go-round of private meetings at an annual mining industry conference at Florida’s Hollywood Beach had a cast of new faces this year: auto sector executives increasingly anxious about surging prices and tighter supply of metals used in electric vehicle batteries.

China investors limped into March calling the end of the reopening trade, trimming bullish positions and lamenting that the market was in need of fresh catalysts this soon into 2023.

US Attorney General Merrick Garland  made an unannounced visit to Ukraine, meeting President Volodymyr Zelenskiy in Lviv, along with top prosecutors from several European nations, to discuss criminal investigations regarding Russia’s actions during the war